The DIA ETF broke on June 13 2016 a Major Support Trendline from a huge rising wedge​that started back on February 2 2016 on a rising volume. It was the first line of defense ​for Bulls ​​(See 1rst Chart Below - Red Trendline - Ellipse), the second line of defense define by the ​200 DMA (Day Moving Average). (See 1rst Chart Below - Green Line)

As we are broke that Major Support Trendline, in fact Bulls failed to break yet on a relative basis (ratio of DIA ETF over SPY ETF) the Resistance Line that started back since December 2011 as shown by the second chart below.​​ ​​​(See 2nd Chart Below - Top Red Trendline)

But what puzzle me the most is that, a Big Divergence continue to prevail between the Dow Jones Industrial (DIA ETF) and the Dow Jones Transportation (IYT ETF): Is it a Warning from the Dow Theory? ​​​​(See 3rd Chart Below - Industrial Candles - Transportation Blue Line)